Sugarmade Inc (SGMD)

[Scumbag Fraudsters]

That's patently false.

A pump and dump is not illegal if done legally.

That's like saying bank robbery isn't illegal if done legally.

The SEC calls P&D schemes fraud.

By definition a P&D is an illegal scheme to unfairly manipulate the price of a stock in order to sell shares at inflated prices.

Pump-and-dump is an illegal scheme to boost a stock's or security's price based on false, misleading, or greatly exaggerated statements.

Pump-and-dump schemes usually target micro- and small-cap stocks.

People found guilty of running pump-and-dump schemes are subject to heavy fines.